31 Bancroft Street, Providence, RI 02909 - Photo 1

1/1

$535,000

Sold
Closed
Multi-Family
3 Units
6 Total Beds
0.1699 Acres

1/1

Property Description

Well-maintained 3-family home featuring 6 beds & 3 baths with major updates throughout. Roof replaced in 2020. Apartment 31 (top floor) was completely renovated down to the studs in 2021 new electrical, plumbing, insulation, flooring, fixtures & appliances. Apartment 31 (bottom floor) fully gutted and renovated in 2022 with the same level of upgrades. Apartment 33 includes a fully remodeled bathroom and updated electrical. Basement professionally repointed in 2021, ensuring a solid foundation. One boiler replaced in 2024; the other is approx. 8 years old. Two electrical panels: Unit 33 is separately metered and pays its own electric. Units 31 top & bottom include heat, hot water & electricity in rent. Entire property is hardwired for smoke & carbon monoxide detection. Strong rental potential with minimal future maintenance. Airbnb shows average nightly rates of approx. $100 for a 1-bed unit and $186 for a 4-bed, adding short-term rental potential. Perfect for investors or owner-occupants looking for turnkey income. Convenient location near amenities, public transit & highways. A rare opportunity to own a fully updated, structurally sound 3-family with long-term value and multiple income strategies.

Full Property Details

Full Property Details for 31 Bancroft St

General

Sold For: $535,000
Taxes: $6,116 (2024)
Status: Closed
Type: Multi-Family
Source: STWMLS
MLS ID: 1390253
Added to Site: 183 day(s) ago

Interior

Number of Rooms: 13
Interior Features: Tub Shower
Fireplace(s): None
Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Washer
Flooring: Ceramic Tile, Hardwood, Vinyl

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 6

Other Rooms

Laundry: Common Area

Exterior

Exterior Features: Deck, Paved Driveway
Porch/Patio/Deck: Deck

Parking

Total Spaces: 4
Parking Features: No Garage

Location

County: Providence
Subdivision: Silver Lake
Near Highway: Yes

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Ductless
Heating Type: Baseboard, Gas, Steam, Zoned

Utilities

Sewer: Connected
Water: Connected
Utility Description: Sewer Connected

Structural Information

# Buildings: 1
Detached/Attached: Detached
Construction: Drywall, Plaster, Vinyl Siding
Basement: Yes
Basement Desc.: Full, Interior Entry, Unfinished
Stories/Levels: 2
Building Size: 2998
Finished Total: 2,998 Sq. Ft.
Finished Above Grnd: 2,998 Sq. Ft.
Year Built: 1920

Lot Features

Lot Size (Acres): 0.1699
Lot Size (Sq. Ft.): 7,401
Lot Size: 7401
Sidewalks: Yes
Lot Features: Corner Lot

Financial Considerations

Operating Expenses: $10,164
Tax Amount: $6,116
Tax Year: 2024
Owner Pays: Hot Water
Tenant Pays: Hot Water

Disclosures and Reports

Inclusions: DOES NOT MEET THE FHA SELF-SUFFICIENCY TEST - CASH OR CONVENTIONAL FINANCING ONLY Buyer and buyer's agent to do their own due diligence verifying all information. Please present offer on a purchase and sales agreement, have the lender fill out the questionnaire, and email the offer in one file, not multiple files. Assessed Value reflects the 2025 change with a proposed tax rate of $8.25/$14.40 owner/investor.
Property ID: 3133BANCROFTSTPROV
Lot Number: 427

Listed by RE/MAX 1st Choice
Sold by Hope Real Estate

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Schools

Schools serving 31 Bancroft St

School District:Providence School District

Name	Grades	Distance
Webster Avenue School 191 Webster Avenue, Providence, RI 02909	K-5	0.2 mi
Frank D. Spaziano Elementary School 85 Laurel Hill Avenue, Providence, RI 02909	2-5	0.5 mi
Frank D. Spaziano Annex Elementary School 240 Laban Street, Providence, RI 02909	K-1	0.5 mi
Governor Christopher Delsesto Middle School 152 Springfield Street, Providence, RI 02909	6-8	1 mi
Gilbert Stuart Middle School 188 Princeton Avenue, Providence, RI 02907	6-8	1.2 mi
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908	6-8	1.7 mi
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903	9-12	1.4 mi
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903	9-12	1.5 mi
Dr. Jorge Alvarez High School 375 Adelaide Avenue, Providence, RI 02907	9-12	1.5 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 31 Bancroft St

Date

Details

Price

Change

Source

9/15/2025

Sold

$535,000

1.9%

MLS

7/17/2025

Listed

$525,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Total Bath
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Beds
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Total Baths
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Sold

$597,500

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Multi-Family
Closed

2
Units
7
Total Beds
0.11
Acres

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Multi-Family
Closed

2
Units
5
Total Beds
0.0872
Acres

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Closed

3
Units
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Total Beds
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2
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Total Beds
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31 Bancroft Street, Providence, RI 02909 (MLS# 1390253) is a Multi-Family property that was sold at $535,000 on September 15, 2025. Want to learn more about 31 Bancroft Street? Do you have questions about finding other Multi-Family real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

31 Bancroft St Providence, RI 02909